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PepsiCo buys Sodastream for $3.2bn

PepsiCo recently announced the acquisition of SodaStream for the sum of $3.2bn.

According to Money.cnn, PepsiCo CEO Indra Nooyi wanted to move the company towards healthier beverage options before she steps down in October from her position.

SodaStream’s products are a healthier alternative to sugary beverages “making more nutritious products while limiting our environmental footprint,” Ms Nooyi said in a statement, Money.cnn reported.

“Together, we can advance our shared vision of a healthier, more sustainable planet,” she said.

InsideFMCG reported that PepsiCo will pay $144 per share in cash, and that SodaStream’s US shares jumped by 9.6% per cent following the deal.

Ms Nooyi said that the two companies are an “inspired match”, InsideFMCG reported.

“Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste generated. That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more-sustainable planet,” she said.

 

 

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